EV Tariff Concerns Loom Over EU-China Relations

Published on June 1, 2024

The European Union is expected to announce a tariff on Chinese electric vehicles (EVs) in early June as a result of the anti-subsidy investigation the European Commission launched last October. The probe aims to find out if the Chinese EVs exported to the EU market have received excessive subsidies, leading to unfair trade practices. While the EU is still investigating the matter, the United States has already reached that conclusion and increased its tariff on Chinese EVs from 25 percent to 100 percent in mid-May, effective on Aug. 1. Other Chinese products, including steel, aluminum, solar panels, and critical medical supplies, also saw tariff hikes....

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